0.0 00 USD/JPY (102.534) We are not seeing any key reversal candlesticks with the USD/JPY as of right now. This means we could continue to drift higher and test the range top near the key technical …
Read More »Daily Forex Technical Analysis: USD/CHF Stuck in a Range
0.0 00 USD/CHF (0.90641) The USD/CHF is consolidating below 0.91. Since falling below this critical level, the dollar has been digesting what to do next. Looking at the RSI moving negative, there is a chance the …
Read More »Forex Technical Analysis: Dollar is Strong Versus the Yen
0.0 00 USD/JPY (102.489) We have seen some indecisive price action in the Forex pair. This could mean range trading positions for traders. As the yen moves higher we can see it moving towards it multi …
Read More »Forex Technical Analysis: The Euro Plummets on the German GDP
0.0 00 The EUR/USD currency pair fell off after Germany, the largest economy in the Eurozone, released their GDP number. Their economy contracted in the second quarter. The Euro remains well below the critical level of …
Read More »BREAKING NEWS: Germany’s GDP Contracts!
0.0 00 Article Summary: Germany’s GDP contracts 0.2 percent quarter on quarter. France’s GDP stalls out again showing no growth. This means that France’s economy will likely grow at 0.5 percent again this year and for …
Read More »Daily Forex Technical Analysis: Could the Euro Now Move Higher?
0.0 00 EUR/USD (1.33623) The euro (EUR) could be finding a bottom as it finds a bottom above the support at 1.33460. The EUR/USD has been pushing lower since the formation of an evening star, see …
Read More »Forex Technical Analysis: Dollar Moves Higher
0.0 00 The USD/JPY has moved higher with a daily close above the technical resistance level of 102.20. This came after a candlestick hammer formation formed and now opens the door for the dollar to continue …
Read More »Daily Forex Technical Analysis: The U.S. Dollar Looks to Move Higher
0.0 00 USD/JPY (102.285) We should see a deep decline back to 100.80 then 100.60 support cluster zone. However, even if this happens, we expect that area to hold bringing more gains. Any move above 103.10 …
Read More »Japan’s Economy Contracts Sharply
0.0 00 Article Summary: The GDP for Japan contracted 6.8 percent on an annual basis in the second quarter. Policy makers feel this is a natural reaction to April’s new consumption sales tax level at eight …
Read More »Forex Technical Analysis: GBP/USD Looks For a Bottom
0.0 00 The GBP/USD has been bearish since topping near 1.71760. We then saw the formation of a hanging man formation with negative RSI, this causes a selloff and the sterling moved lower. We see support …
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